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The crypto market is home to many promising projects. Besides Bitcoin, there are altcoins that can help balance your investment portfolio. Some of the altcoins include Chronoly (CRNO), PancakeSwap (CAKE), and Polygon (MATIC). Over the past few weeks, these three tokens have seen price appreciation, with Chronoly.io sustain 560% growth.
Will these tokens keep up? Let’s find out!
Chronoly (CRNO) predicts metaverse movement
Chronoly.io is one of the most notable tokens that has gained a sizable gain over the previous weeks, now a 560% growth. Experts believe the reason for the price appreciation is due to actual use cases Chronoly.io brings to the table. Additionally, the team is planning a big step into the metaverse. Chronoly.io is the first decentralized market built on the Ethereum blockchain for watch authentication and shows the condominium. The project allows users to trade, invest and authenticate NFT watches, which are supported by a physical version of the watch, which is kept in a safe.
Chronoly.io has a utility token with the symbol “CRNO. The token comes loaded with exciting features, including special access to exclusive NFT drops, live and virtual watch networking events in the metaverse, and a host of other perks through their exclusive members-only club. The token is still in presale and is currently trading at $0.066. If Chronoly maintains its current pace, before the end of the presale, the price could go up to around 0.50 USD.
Chronoly (CRNO) is currently in its phase three. According to the project roadmap, Chronoly (CRNO) plans to launch on one of the top 10 centralized exchanges and also launch an NFT marketplace. The roadmap also shows that the Chronoly team (CRNO) will launch a private members club where users or token holders will enjoy a wide range of benefits. Other activities planned for phase three include expanding influencer outreach, building strategic partnerships, and launching a loan protocol.
PancakeSwap (CAKE) plans to increase farming rewards
PancakeSwap (CAKE) plans to increase farming rewards to improve its token utility and add new features that will attract investors. The proposal received overwhelming support from stakeholders including investors, traders, and crypto enthusiasts. If PancakeSwap’s (CAKE) plan comes to fruition, experts believe the project will benefit more from price appreciation. Over the past few weeks, PancakeSwap (CAKE) has recorded price appreciation, despite crypto heavyweights like Bitcoin and Ethereum nosediving.
According to the PancakeSwap (CAKE) roadmap, in the coming week, the development team will add value to the project’s staking system. The initiative will introduce assets such as vCAKE, bCAKE and iCAKE. These assets are intended to provide real value to users and also provide agricultural benefits. Experts believe that once these assets hit the market, the price of CAKE could hit the $5 threshold. According to CoinMarketCap, PancakeSwap (CAKE) is trading at $3.89 with a 24-hour trading volume of $58,392,935.
Polygon (MATIC) 31% weekly gain – Bulls Target USD 1.00
On July 25, the global crypto market faced a massive dump from all categories of investors and traders. As a result, altcoin prices have gone down, with the exception of a few like Polygon (MATIC). The Ethereum-based token made a sizable gain and posted a weekly gain of 31% as bulls target USD 1 in the coming weeks. The motivating factor that led to the price appreciation may not be unrelated to Disney’s announcement to adopt Polygon (MATIC) for its Accelerator program.
Experts believe Disney’s announcement drove Polygon (MATIC) on a bullish trend despite the crypto wind, leading to the token’s most recent technical outlook. Disney’s initiative will focus on artificial intelligence, NFTs and augmented reality. Disney plans to offer users more information about the collaboration in the future. For now, the announcement has given a boost to investors in Polygon (MATIC) and its symbolic price may rise further.
Meanwhile, Polygon Hermez could go live in EthCC. Polygon co-founder Mihailo Bjelic has promised to provide more details on the move in the coming weeks. The Polygon (MATIC) has been promoting the technology since the beginning of this year. Polygon Hermez is an open-source, zero-knowledge technology that helps deliver evidence without revealing any data to verifiers. At press time, Polygon (MATIC) is trading at $0.879180 with a 24-hour trading volume of $1,465,490,864, according to CoinMarketCap.
For more information on Chronoly.io Presale